-Livemint.com Slogans, vision statements and acronyms are unlikely to be of any help to those in distress As the details of the mega fiscal package of ₹20 trillion announced by the prime minister are slowly being revealed by the finance minister (FM), it is increasingly becoming clear that it has less to do with the immediate crisis of lives and livelihood and more to do with the long-term agenda of reforms and...
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Most small Farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal Farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Coronavirus package: Migrant workers to get free foodgrains
-The Hindu Rs.3,500 crore of second tranche of stimulus to be spent on allocation to those without ration cards. A major focus of the second tranche of the economic stimulus package announced by Union Finance Minister Nirmala Sitharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. The Centre will spend ₹3,500 crore for this purpose. Quoting numbers from State governments,...
More »Breaking wheat-paddy cycle a must to save groundwater: CSSRI study -Neeraj Mohan
-Hindustan Times Flood-based irrigation in Haryana, Punjab a threat to groundwater which is depleting over 3 feet every year Chandigarh: Breaking the traditional wheat-paddy cycle is the need of the hour to preserve groundwater for the future generations, reveals a research conducted by scientists of the Central Soil Salinity Research Institute (CSSRI), Karnal (Haryana). Asserting that the rice crop alone consumes about 50% of the total irrigation water, the researchers have suggested radical...
More »Government outlays plan for credit boost to agriculture sector -Shayan Ghosh
-Livemint.com As announced by finance minister Nirmala Sitharaman, 25 million Farmers who do not have a Kisan Credit Card will now be able to avail concessional credit The government on Thursday decided to boost the flow of credit to the agriculture by attempting to bring more Farmers under the Kisan Credit Card (KCC) scheme and through an additional outlay for farm loan refinance. As announced by finance minister Nirmala Sitharaman, 25 million Farmers...
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